HomeMy WebLinkAboutResolution - 89-5 - Authorizing Treasurer to Invest City of Eden Prairie Funds - 01/03/1989 CITY OF EDEN PRAIRIE
E}V rV PIN COUNTY, M I NNESOTA
RESOLUTION NO. 89--05
A RESOLUTION AUTHORIZING THE TIRE TO INVEST
CITY OF EDETI PRAIRIE FUNDS
SE IT RESOLVED, by the City Council of the City of Eden Prairie,
County of Fiennepin, that the City Treasurer is authorized to invest City
of Eden Prairie funds with any bank, or other financial institution
authorized to do business in the State of Minnesota in Certificates of
Deposit, U.S. Government Notes and Bills, obligations of the state of
Minnesota or any of its subdivisions, Federal Government Agency Hands
and Notes, Savings Accounts and Repurchase Agreements and any other
security authorized by law. The City Treasurer shall maintain adequate
collateral for funds deposited. `
ADOPTS by the City Council on this 3rd day of January, 1989.
Gary D. eterson, Mayor
ATTEST:
SEAL
John" e, City Clerk
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